The United States of America, through its International Development Finance Corporation (DFC), has committed USD 1.55 million (equivalent to some 54 million birr) in technical development for the Tulu Moye Geothermal Power Plant Project in Ethiopia.
The Board of Directors of Ethiopian Electric Power has appointed Ashebir Balcha, executive officer, power generation construction, as chief executive officer replacing Abraham Belay (PhD) who became Minister of Innovation and Technology.
Inaugurating the delayed Genale Dawa (GD-III) hydroelectric power project on Tuesday Prime Minister Abiy Ahmed (PhD) made an appeal to local investors to build the next phase of the hydroelectric project GD-6, in the same river basin that requires an estimated financial outlay of USD one billion.
Power Africa, a five-year American presidential initiative launched by former President Barack Obama, has reportedly created 15 million new electrical connections bringing electricity to 70 million people.
A Chinese contractor, CGC Overseas Construction (CGC-OC) Group Ltd, has blamed electric power shortages for impeding the operations of the USD 339 million worth trans-boundary water project to pump potable water to neighboring Djibouti.
Taking the peaceful nuclear initiatives to a more practical stage, the Russian Federation has inked an intergovernmental nuclear deal with Ethiopia, where the latter will develop its own nuclear facilities in ten years’ time.